💲💳 Mastercard and Circle expand their cooperation, allowing acquiring banks in the EEMEA region (Eastern Europe, the Middle East, and Africa) to conduct settlements in the USDC and EURC stablecoins for the first time.
ℹ️ This development is an extension of existing projects in the region - crypto card solutions from Bybit and S1LKPAY, which use USDC for settlements. Arab Financial Services and Eazy Financial Services will be the first companies of the new phase of partnership, gaining the ability to settle with merchants in digital currencies. Mastercard is also advancing broader initiatives to use stablecoins through the Mastercard Move and Multi-Token Network (MTN) platforms for remittances, B2B transactions, and payments to gig workers and creators.
